Reborn Wealth America

Chapter 386 Hostile takeover meets the white knight

Two billion dollars.

It costs 5 billion dollars to buy it.

Except that Abel himself is really rich.It is that he always feels that Chevron Petroleum is a company of Rockefeller that has a strong roots.

It is impossible to cheap yourself so easily.

They are really only worth 2 billion dollars.But this is the value of the company's assets.The problem is that in addition to the inherent value of a company, there are also personnel issues!

Abel noticed.

From the document of David Adams, California United Petroleum has declined to the present state.But there are at least about 8,000 to 12,000 old employees.

This is definitely an asset.

The petroleum industry is different from others.If other factories are short of manpower and need personnel, other industries can recruit from the society.

But the petroleum industry, except for college students who have just graduated, probably only dug from other petroleum companies.

The value of more than 10,000 old employees.It is not included in the 2 billion US dollars.If it is just a shell, plus the name of this brand, 5 billion US dollars is indeed a bit expensive.

However, there are about 10,000 old employees who are still very affectionate for the California Union Petroleum brand.The value of these people cannot be measured by money.

Make an analogy.

If Abel bought the shell, but there is no corresponding manpower.Who is going to work at the refinery I bought?Who will operate the purchased oil company?

Do you hire people from other companies?

It's settled.

Ten thousand people, the cost of each person digging from other companies, at least not less than 50,000 US dollars.This is the cost of 1 billion US dollars, and the follow-up must be paid higher than when the other party was in the other company.

This is another hidden cost.

Together, these two costs are estimated to exceed $3 billion in five years.

Chevron Petroleum's operation is also very shameful... Basically, it has almost annexed the various assets of California United Petroleum, but it is afraid to dismiss the old employees of California United Petroleum.

Provide work for this group of people.

It was originally written in the contract.Ever since, in addition to more than 2,000 people in this group, they are still working in the original California Union Petroleum.

The remaining 7,000 to 8,000 people are all working for Chevron Petroleum or other oil companies in the name of California Union Petroleum’s expatriate.

Some people were even thrown into gas stations to be fuelers.

This is why California United Petroleum has been annexed by Chevron and has been struggling for independence for so many years.

Too cheating.

Chevron Petroleum Company can't eat these people either. Their own company is now a bit saturated.This group of people can only be raised by the lowest standards in the industry.He didn't dare to fire, and he didn't want to raise a bunch of white-eyed wolves.

I believe Abel is willing to take over.

They should be very happy.

There are about 10,000 old employees, total assets of about 2 billion, plus the brand of California United Petroleum, a century-old company.

The total value may not exceed 5 billion U.S. dollars, and at least 3 to 4 billion.

But considering that this is a Rockefeller series, Abel and the other party have an enemy, and he must pay a little more if he wants to win.

having said so much.

The most important thing is the task of the smoke of fate.There is a guaranteed reward for this task, let alone 5 billion US dollars... 10 billion US dollars he is willing to come out!

This is why he said that some people have a lot of stupid money.

Actually this is not bad.

If the whole world thinks that others are stupid and have a lot of money, then they are probably willing to cheat him.

At that time, I didn't know who lied.

This kind of impression to the outside world, the current President of the United States of America is the best.This has always given the impression of a silly local tyrant, but he still sits firmly in the position of president.

And although it has been hacked by elite groups and the media, the support rate among the lower class and middle class of the United States has always been ridiculously high.

Some people say that they are unreliable and definitely not a qualified politician.Because a qualified politician cannot fulfill all his commitments before he took office.

Regardless of whether it is not reliable or not.

After this guy became president, almost everything he did was Haikou that he praised when he was running for president.

at this point.

It is the reason he makes the white people at the bottom and middle-class white people like it.Because this is not a virgin at all, and is a pole spirit!

Even an unreliable and stupid image can become a president.

Abel is now going to add to his image the factor that people have a lot of stupid money.

This is also a consideration.

If he has such a label, if he wants to buy something, he will definitely have an advantage over others.

Because everyone thinks he has money and is willing to pay.When selling something, he will naturally be the first to think of him.

This can be regarded as a benefit to him with a shallow foundation.Especially now that Rockefeller is so targeted.

Before David Adams left.

Abel gave him the most important explanation.

"5 billion dollars is 5 billion dollars! But remember clearly, dear David! I noticed that California United Petroleum still has about 10,000 old employees. These 5 billion dollars must include these people. Contract! I need these people to work for me!"

David Adams smiled.

"This should be no problem! Chevron Oil Company's approach is really..."

"I believe everyone should be very happy!"

"Haha! Go tell them! After coming over there, as long as I buy California Union Petroleum! The entire California Union Petroleum, mainly the old employees of the Yonek era before! In the current salary, everyone improves 20%!"

Abel said "generously".

Why is this generosity enclosed in double quotes?Because as far as Abel knows, the salaries of current California United Petroleum employees are the lowest in the entire Chevron Petroleum Group.

Because of this.

When California United Petroleum sold to Chevron Petroleum, their employees were close to 30,000.But in the past ten years, except for a very small part of it has been eaten by Chevron Oil Company.

Most of the rest were because they couldn't stand the double double standard treatment of Chevron Petroleum, and finally resigned in anger, leaving only about 10,000 people.

On the basis of this salary.

An increase of 20% is at most equal to the salary of most people in the industry.

Think about it.

Abel felt that this was not reliable.

Added another sentence: "If it is really a technical backbone. For example, like David, I am willing to increase the treatment by 50%!"

According to the 50% standard.

It can be regarded as the high treatment in the industry.

"no problem!"

David Adams laughed.

"For the sake of your willingness to give us a salary increase! From today, you will be my boss!"

"Hmm..."

David Adams smiled and left.

He left soon.

Alvertly and Rana came to the door.

And brought a not-so-good news.

"Victoria's parent company knows we want a hostile takeover?!"

This is the news they brought.

At the time of tonight.

The parent company of Victoria's Secret, Limited Brands suddenly sought help from the white knight.

The so-called white knight is when a company becomes the target of mergers and acquisitions by other companies (usually a hostile takeover), the management of the company finds a "friendly" company to merge in order to prevent the malicious takeover.

And this "friendly" company is called "White Knight".

Generally speaking, the acquisition of "white knights" supported by management is highly likely to succeed, and the company's managers can even become "white knights" and implement management buyouts by themselves with the support of institutional investors.

"How many shares do we have in them now?" Abel asked musingly.

"So far. The specific figure is 18.9%! The total expenditure is $1.447 billion!"

"not bad……"

Abel nodded.

If you are found, you will be found.After all, 18% of the shares have been acquired by myself. If the company can't find out, the management is really a pig.

At the time Viacom's shares were only acquired by about 5% to 6%.Lei Shidong was able to find his door immediately, and now LimitedBrands is very slow.

What's more, Alvertley and Rana are so anxious every time they acquire other people's shares.It is normal that there will be wind.When someone buys a company, it takes months, six months, or even years to slowly earn the other's stock.

I'm on the side.

Each time it is required to be effective within ten days.

In the case of strong funds, this method is indeed the fastest and most convenient.But the disadvantage is the same, once the other party is unwilling to be acquired.

There was Viacom's struggle before.

Now Limited Brands are seeking help from the White Knight.

"Then launch a general attack!"

Abel said simply.

"Initiate an acquisition invitation directly to the other party! By the way, what is their market value now?!"

Alvertley said softly: "According to the market value of today's stocks! About 8.9 billion US dollars!"

"10 billion U.S. dollars! Offer them 10 billion U.S. dollars, and we are willing to buy them all!" Abel must say.

"Ok!"

Alvertley was relieved.

He originally thought that the boss would be a little angry because of exposure.

Things were exposed so quickly, in fact, he and Rana were to blame.The two of them have been too high-profile lately, no more, they were nervous and low-key when they acquired Viacom.Although it seemed peaceful, in such a short few days, the two contacted dozens of investment leaders on the West Coast and the United States of America, all for the shares of LimitedBrands.

So obvious and direct.

If LimitedBrands didn't find it again, it would be a fool.

"correct."

Abel asked with interest.

"Which company does Limited Brands seek help? Who do they think can be their white knight?"

"Many! There are gaps, Richemont Group, LVMH Group, which are all companies in the industry. There are also those large investment institutions, and they even ask Buffett for help!"

"Buffett?"

Abel came to nature.

"Will Buffett be interested?"

"Not sure."

"Okay. Their response is really big! Let them go find their white knights! If their white knights are willing, our stock can be sold to him! More than 1.4 billion US dollars, if they want 2 billion US dollars take it!"

Abel said indifferently.

There are two main purposes for acquiring lb.One purpose is for himself, to better meet the supermodels of Victoria's Secret.The second purpose is that he already has Paramount.In the future, in terms of fashion design and clothing, the fertilizer will not flow to outsiders, and it will be good for your own clothing company.

There are alternative ways for both purposes.

Victoria's Secret supermodels.

Even if you don't become their boss, it is not difficult to get involved.Little plum can be so easy to use, and it will definitely be less difficult to change to a richer, younger and handsome self.

As for the clothing company.

To be honest, lb is not that good.There are more clothing companies that are more expensive than him, such as the gap group mentioned earlier.

This clothing group is a clothing company in the United States, and has good benefits all over the world.

If only the second purpose is considered, the acquisition of gap is much more cost-effective than the acquisition of the parent company of Victoria's Secret.

Now if the opponent's asking price is too ridiculous, then turn around and kill the opponent.

See who is willing to take over.

After asking about lb.Abel is concerned about another matter.

"How about Bluestar's future Bluestar One?"

This is the only company in the industry under his name that can bring himself profits.

Although it earns hundreds of millions of dollars a month, no matter how small a mosquito is, it is meat.Although hundreds of millions of dollars is small, it is enough for daily expenses.

Speaking of this.

The two people who were originally a little worried immediately became energetic.

Rana said quickly: "If it were not for your advice, Mr. Chairman, the orders would only be scheduled two months away! It is estimated that Bluestar's current orders in the future can be scheduled to ten years later!"

"At present, a total of ten units have been sold! Three of them were sold to [American E-waste Disposal Company], which is a joint venture between Bluestar Future and Weiweik Lanadav! And also received 20 units. Orders, two-month output!" Alvertley took over and said.

"According to your request. All are booked in full! Except for the three orders from [American E-waste Disposal Company]! Bluestar has made a total of 2.7 billion US dollars in revenue in the next few days!"

Abel is satisfied.

He nodded.

"Not bad."

This is the real hen who can lay golden eggs!At present, other kinds of people can only burn money on their own. If you want to see profit, you really don't know when and how long.

This way of burning money.

Only I can afford it.

Thinking like this.

The phone rang suddenly.

Abel took a look.

I haven't contacted for a long time, John Mellon of Wells Fargo Bank.

Old friend.

Answer.

"Buffett is in Los Angeles! He wants to see you!"